A business savings account will help you to accumulate your extra income and build up your cash reserves. Interest earned on a business savings account is higher than a regular current account, which means your money grows faster, helping you to reach your financial goals more quickly.

Features

• Minimum account opening balance of N5,000 (Five Thousand Naira only)
• Minimum daily credit balance of N500 required on account (Five Hundred Naira only)
• Attracts monthly interest – it is currently at 2.125% per annum.

Key benefits

• Interest income
• Encourages savings culture and helps you meet your personal targets.

Who can apply

Anyone who is 18 years and above and who wants to save money for their business every month.

Documentation required

• Account opening forms duly completed
• Two reference forms
• Two signature cards duly completed by each signatory to the account
• Two recent clear passport photography of each signatory to the account with your name written on the back
• Current international passport or drivers license of each signatory
• Customer address verification form.